Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun economics A
transaction for a very small amount of money (amicropayment ).
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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The "microtransaction" business, big in South Korea, will take off this year in North America, he predicts.
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With the introduction of in-app payments earlier this month, iPhone developers will now have the perfect microtransaction system to build [...]
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There are some microtransaction MMOs that don't allow RMT Earth Eternal is one, I believe.
How to make a cool $2MM+ in one day -- with a sparkle pony 2010
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First, I think there is a big of talking past each other because some people equate RMT with microtransaction business models.
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Here's some data from a 2006 paper by MacInnes et al figure 4 in which 1,247 gamers from Korea were interviewed about their microtransaction spend per year:
How to make a cool $2MM+ in one day -- with a sparkle pony 2010
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Though designed to enable networked political contribution as a trigger, its broader function includes enabling the microtransaction for purposes just such as this.
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Since the business is a business-to-consumer model, where the service is sold to end-users directly on a microtransaction basis, we feel it will be less impacted by slower consumer spending.
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There are what, at least 15 companies in the Valley working on virtual micropayment/microtransaction networks at the moment, probably at least 6 of which involve some sub-component of the Second Life experiment, not to mention the big guys who are destined to try to enforce their own proprietary regimes.
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The second likely scenario is to create or partner with a proprietary system like paypal, Alipay China, or the other innovative microtransaction companies randolfe_ speaks of.
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Unlike real economies where it is impossible to trace every microtransaction so that reliance on ethnographic research is essential, in virtual economies, at least in principle, you CAN get at the numbers purely from querying a database.
Logophile77 commented on the word microtransaction
Thanks EA for teaching me this word...
December 24, 2017